NOT LISTED FOR SALE

48 Wood Ln Downsville, NY 13755

Estimated Value: $275,097 - $360,000

2 Beds
2 Baths
1,400 Sq Ft
$227/Sq Ft Est. Value

Sale Details

Date Sold: July 9, 2024

Last sale price $380,000 $271 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $1,901 / mo

22 Days on Market

Highlights

  • 10 Acre Lot
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Wood Flooring
  • 2 Fireplaces
  • Country Kitchen

About This Home

As of July 2024

Mountaintop sunset views with complete privacy! This recently updated home is perfect for a full-time home, part-time home, or Airbnb. The land has trails and fencing in place for either horses or ATVs. There is a trail on the property that leads directly to Bear Spring Mountain, a State park that boasts 7,000 acres of wildness. The park is available to hikers, hunters, and horseback riders. The master bedroom features on ensuite bath. The living room area has a pellet stove and a view of the mountains. The large garage has a concrete slab and electric. Property consists of 2 parcels so it will be easy to add additional structures if needed. The basement level is very dry comfortable and usable as a hobby space. This property has a little bit of everything. Make your appointment today!

Last Agent to Sell the Property

Steven Jewett

Listing by Jewett and Jewett LLC Brokerage Phone: 802-578-0731 License #10491209530 Listed on: 04/17/2024

Last Buyer's Agent

Steven Jewett

Listing by Jewett and Jewett LLC Brokerage Phone: 802-578-0731 License #10491209530 Listed on: 04/17/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,689

Year Built

  • Built in 1977

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 1000x500
  • Property fronts a private road
  • Irregular Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Cabin
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Country Kitchen
  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 125689-297-000-0001-017-200

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,689

Year Built

Built in 1977

Lot Details

10 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1977
  • Attribution Contact: 802-578-0731
  • Lot Features: Irregular Lot
  • Road Frontage Type: Private Road
  • Directions: From Walton, take 206 to back river rd to colchester mountain rd. Wood lane is at the very top of mountain next to horse training facility.
  • Architectural Style: Cabin/Cottage
  • Flooring: Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Country Kitchen, Bedroom on Main Level
  • Unit Levels: One
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Stories: 1
  • Stories: 1

Exterior Features

  • Acres: 10.0
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Detached

Utilities

  • Heating: Electric, Baseboard, Wood
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Walton

Lot Info

  • Parcel Number: 125689-297-000-0001-017-200
  • Lot Dimensions: 1000X500
  • Lot Size Sq Ft: 287932.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2689.0
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Jul 9, 2024
Sold by
Simrit Blair Dhesi Ret and Dhesi
Bought by
Goldman Joel and Dole Lindsey
Seller's Agent
Steven Jewett
Jewett and Jewett LLC
Buyer's Agent
Steven Jewett
Jewett and Jewett LLC
List Price
$330,000
Sold Price
$380,000
Premium/Discount to List
$50,000
15.15%
Views
20
Current Estimated Value
$318,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$61,726
Avg. Annual Appreciation
-9.79%
Original Mortgage
$297,500
Outstanding Balance
$293,711
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$24,563

Purchase Details

Closed on
Sep 24, 2020
Sold by
Buttel Doris
Bought by
Dhesi Simrit B and Lonberg-Holm Fredrick K

Purchase Details

Closed on
Jul 21, 2016
Sold by
Schumacher Henry
Bought by
Buttel Dorrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2001
Sold by
Fusaro Frances J
Bought by
Schumacher Margaret
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Goldman Joel $380,000 None Available
Goldman Joel $380,000 None Available
Dhesi Simrit B $299,000 None Available
Buttel Dorrie $165,000 Francis Wood
Buttel Dorrie $165,000 Francis Wood
Schumacher Margaret $80,000 Francis W Wood
Schumacher Margaret $80,000 Francis W Wood
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldman Joel $297,500
Closed Goldman Joel $297,500
Previous Owner Buttel Dorrie $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $380,000 +15.2% $271 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $330,000 -- $236 / Sq Ft
Source: Otsego-Delaware Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,249 $90,000 $29,200 $60,800
2023 $2,184 $90,000 $29,200 $60,800
2022 $2,202 $90,000 $29,200 $60,800
2021 $2,158 $90,000 $29,200 $60,800
2020 $2,142 $90,000 $29,200 $60,800
2019 $2,101 $90,000 $29,200 $60,800
2018 $2,101 $90,000 $29,200 $60,800
2017 $2,068 $90,000 $29,200 $60,800
2016 $2,739 $32,164 $4,164 $28,000
2015 -- $32,164 $4,164 $28,000
2014 -- $32,164 $4,164 $28,000
Source: Public Records

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: R1532369

Otsego-Delaware Board of REALTORS®

APN: 125689-297-000-0001-017-200

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